Chart of the week | The shifting sands of settlement

Ofgem issued its draft impact assessment and consultation on Market-wide Half Hourly Settlement (MHHS) on 30 April. The MHHS significant code review (SCR), which has been running since July 2017, aims to utilise the smart meter rollout and reform the electricity settlement arrangements. These reconcile the difference between how much energy a supplier purchases and customer energy consumption. The SCR looks to ensure that the majority of meters are settled using actual half-hourly readings. This is in place of the current process of using profile data to estimate consumption pattern.

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